The Frankfort Property

Price: $42,500 per acre
County: Will

Contact Details
Josh Waddell
Mobile: 815-751-0439
Phone: 815-756-3606
Email: Josh.Waddell@mgw.us.com

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Property Details

location
The subject property is located approximately 32 miles south of Chicago O’Hare International Airport and is within the village of Frankfort. Nearby cities include: Tinley Park (1 1/4 miles north), Matteson (1 5/8 miles east), and Joliet (8 1/2 miles west).
frontage
There is approximately 5/16 mile of road frontage on U.S. Route 30.
major highways
U.S. Route 30 is the south border of the property, U.S. Route 45 is 1 1/8 miles west, Illinois Route 43 is 1 5/8 miles east, and Interstate 80 is 2 3/4 miles north of the property.
legal description
A brief legal description indicates The Frankfort Property is located in Part of the Northwest Quarter of Section 23, Township 35 North - Range 12 East (Frankfort Township), Will County, Illinois.
total acres
There are a total of 35.964 acres according to recent surveys.
tillable acres
There are approximately 19.96 tillable acres, estimated. The Productivity Index is 101.7 and the Weighted Average Corn Yield Index is 137.4 bushels per acre.
soil types
Major soil types found on this farm include Frankfort silty clay loam, Markham silt loam, and Ozaukee silty clay loam.
topography
The topography of the subject property is level to gently rolling.
location climate growing season
Will County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34" with over two thirds of this coming during the growing season. Snowfall averages about 32" per year. Prevailing winds are from the west. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn and soybeans.
mineral rights
All mineral rights owned by the seller will be transferred in their entirety to the new owner.
possession
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
price terms
The asking price is $42,500 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
grain markets
There are a number of grain markets located within 15 miles of The Frankfort Property.
zoning
The Frankfort Property is currently zoned ER - Estate Residential District.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
320C2Frankfort silty clay loam7.1494125893
531C2Markham silt loam5.28108147776
530D3Ozaukee silty clay loam5.0294129648
298BBeecher silt loam1.37113150206
8451ALawson silt loam0.76140190144
149ABrenton silt loam0.3914119576
Total Acres : 35.96 acres, more or less
Tillable Acres : 19.96 acres, or 55.50% estimated
Productivity Index : 101.68
Weighted Average Corn Yield Index : 137.38 bushels per acre, based on tillable acres
Comparable Yield Index : 76.25 bushels per acre, based on total acres

Disclaimer: Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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